VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 290,676 shares, an increase of 228.0% from the July 30th total of 88,617 shares. Based on an average daily volume of 840,843 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.
VanEck Preferred Securities ex Financials ETF Stock Performance
PFXF stock remained flat at $18.06 during midday trading on Thursday. The company’s stock had a trading volume of 221,004 shares, compared to its average volume of 766,937. VanEck Preferred Securities ex Financials ETF has a 12 month low of $17.03 and a 12 month high of $19.07. The firm has a 50-day moving average price of $17.85 and a two-hundred day moving average price of $18.12. The stock has a market cap of $2.47 billion, a P/E ratio of 0.59 and a beta of 0.62.
Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF
A number of institutional investors and hedge funds have recently bought and sold shares of PFXF. Qube Research & Technologies Ltd increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 56.9% in the second quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock valued at $70,000 after purchasing an additional 1,491 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock worth $826,000 after acquiring an additional 2,315 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth $61,000. MML Investors Services LLC raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 4.9% during the 2nd quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock worth $20,334,000 after acquiring an additional 55,727 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth $688,000.
VanEck Preferred Securities ex Financials ETF Company Profile
The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.
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